[quote=XBoxBoy]But while I’m losing my taste for libertarianism, I’m totally baffled as to how to best regulate markets.[/quote]
I suggest they are best regulated based on protecting people’s rights, rather than regulating based on attempts at achieving certain economic or political outcomes.
The declaration of independence says we have the right to “the pursuit of happiness” not “happiness”
Take, for example, the housing market. All the regulation/bailouts are designed to “keep people in their homes” or to “prop-up the housing market” or to prevent banks from going under. Nothing is really focused on eliminating the fraud, particularly that by the ratings agencies who defrauded millions of buyers of “AAA” rated securities.
Regulating to outcomes instead of regulating to protect rights is killing this country.
